This month’s data showed a decline in sales year-over-year and month-over-month. However, the price of residential units sold continued to rise in both categories. This evidences that, while the demand for homes is decreasing, the supply of homes still cannot keep pace with the demand right now.
Year over year we’re seeing a raise in Sale Prices of almost 30% with the average sale clocking in at more than $748k. As prices rise and the theme of low inventory conutnues, now is the time to take advantage of the market and achieve maximum price for your property.
Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.
All data correct as of September 13, 2021, data gathered by the Ontario Collective based on August 2020 vs August 2021.